Chicago Capital LLC Buys 5,297 Shares of WEC Energy Group, Inc. $WEC

Chicago Capital LLC grew its stake in WEC Energy Group, Inc. (NYSE:WEC) by 94.0% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 10,935 shares of the utilities provider’s stock after purchasing an additional 5,297 shares during the period. Chicago Capital LLC’s holdings in WEC Energy Group were worth $1,153,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in the stock. AE Wealth Management LLC lifted its position in shares of WEC Energy Group by 4.9% in the 3rd quarter. AE Wealth Management LLC now owns 171,770 shares of the utilities provider’s stock worth $19,683,000 after acquiring an additional 7,970 shares during the period. Baillie Gifford & Co. increased its position in shares of WEC Energy Group by 53.0% during the third quarter. Baillie Gifford & Co. now owns 131,363 shares of the utilities provider’s stock valued at $15,053,000 after purchasing an additional 45,477 shares during the period. Alley Investment Management Company LLC increased its position in shares of WEC Energy Group by 36.5% during the third quarter. Alley Investment Management Company LLC now owns 59,519 shares of the utilities provider’s stock valued at $6,820,000 after purchasing an additional 15,926 shares during the period. London & Capital Asset Management Ltd raised its stake in shares of WEC Energy Group by 48.1% in the third quarter. London & Capital Asset Management Ltd now owns 31,498 shares of the utilities provider’s stock valued at $3,609,000 after purchasing an additional 10,231 shares in the last quarter. Finally, Vaughan Nelson Investment Management L.P. raised its stake in shares of WEC Energy Group by 13.5% in the third quarter. Vaughan Nelson Investment Management L.P. now owns 419,574 shares of the utilities provider’s stock valued at $48,079,000 after purchasing an additional 49,905 shares in the last quarter. Institutional investors and hedge funds own 77.20% of the company’s stock.

Analyst Upgrades and Downgrades

WEC has been the topic of a number of recent research reports. Bank of America set a $116.00 price target on shares of WEC Energy Group in a research note on Wednesday, December 31st. Jefferies Financial Group dropped their price objective on shares of WEC Energy Group from $124.00 to $121.00 and set a “hold” rating for the company in a research note on Wednesday, January 28th. Wells Fargo & Company reduced their price objective on shares of WEC Energy Group from $124.00 to $117.00 and set an “overweight” rating for the company in a report on Tuesday, January 20th. Barclays lifted their target price on shares of WEC Energy Group from $110.00 to $111.00 and gave the company an “equal weight” rating in a research report on Tuesday, March 24th. Finally, BTIG Research reissued a “buy” rating and issued a $135.00 target price on shares of WEC Energy Group in a research note on Friday, January 30th. One analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, eight have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $120.73.

Insider Activity

In other WEC Energy Group news, Director Gale E. Klappa sold 25,000 shares of the business’s stock in a transaction dated Friday, February 13th. The shares were sold at an average price of $115.44, for a total value of $2,886,000.00. Following the transaction, the director directly owned 276,600 shares in the company, valued at $31,930,704. The trade was a 8.29% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Mary Beth Straka sold 2,815 shares of the company’s stock in a transaction dated Friday, February 13th. The stock was sold at an average price of $115.50, for a total transaction of $325,132.50. Following the sale, the vice president directly owned 4,707 shares in the company, valued at $543,658.50. This represents a 37.42% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last quarter, insiders sold 42,354 shares of company stock valued at $4,855,505. Company insiders own 0.46% of the company’s stock.

WEC Energy Group Price Performance

Shares of WEC stock opened at $115.80 on Friday. The stock’s fifty day simple moving average is $115.46 and its 200 day simple moving average is $111.93. WEC Energy Group, Inc. has a one year low of $100.61 and a one year high of $119.62. The firm has a market cap of $37.72 billion, a price-to-earnings ratio of 23.98, a P/E/G ratio of 2.80 and a beta of 0.53. The company has a debt-to-equity ratio of 1.35, a current ratio of 0.59 and a quick ratio of 0.44.

WEC Energy Group (NYSE:WEC) last released its quarterly earnings data on Thursday, February 5th. The utilities provider reported $1.42 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.39 by $0.03. The firm had revenue of $2.54 billion during the quarter, compared to analyst estimates of $2.19 billion. WEC Energy Group had a return on equity of 12.40% and a net margin of 15.90%.The business’s revenue for the quarter was down 8.8% compared to the same quarter last year. During the same period in the prior year, the company posted $1.43 earnings per share. WEC Energy Group has set its FY 2026 guidance at 5.510-5.610 EPS. On average, analysts expect that WEC Energy Group, Inc. will post 5.23 earnings per share for the current fiscal year.

WEC Energy Group Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, June 1st. Investors of record on Thursday, May 14th will be issued a dividend of $0.9525 per share. This represents a $3.81 annualized dividend and a yield of 3.3%. The ex-dividend date of this dividend is Thursday, May 14th. WEC Energy Group’s dividend payout ratio (DPR) is currently 78.88%.

About WEC Energy Group

WEC Energy Group is a Milwaukee, Wisconsin–based regulated energy holding company whose primary businesses are the generation, transmission and distribution of electricity and the distribution of natural gas. The company operates through a set of utility subsidiaries that provide bundled energy service, customer billing and energy-related programs to residential, commercial and industrial customers. As a regulated utility group, WEC’s operations focus on delivering reliable service while managing infrastructure investment and compliance with state and federal utility regulation.

Its utility subsidiaries include well-known regional operators such as We Energies and Wisconsin Public Service, along with Chicago-area natural gas utilities that were part of the Integrys Energy Group acquisition.